If a Settlement Participant who is not a Clearing Member wishes to resign, it shall:
(a) give not less than three months' written notice to CDP of its intention to resign and the effective date of resignation. CDP may, at its discretion, vary or waive the three months' notice;
(b) pay all outstanding charges owing to CDP as at the effective date of resignation;
(c) fulfill all outstanding obligations to CDP; and
(d) until its resignation is effective, continue to comply with these Rules.